NIFTYMAGICIAN

1= MACD WHEN CROSSES 0 LINE BIG MOVES AS ASPECTED EXCEP THE 4TH EW WAVE WHEN WHERIN IT FORMS A MACD HOOK AND PRICE REVERSES. PLEASE BACKTEST WITH 15MIN/30MIN CHART MACD WHEN CROSSES 0 LINE THERE ARE MOSTLY BIG MOVES. LIKE HAPPENED TODAY @ 1 (SAME IS THE CASE WITH RSI)

2= SUPPORT & RESISTnce PRICES SHY AWAY FROM SUPPORT/RES LINE AND WHEN THEY BREAK IT ITS TIME FOR TREND REVARSAL ie THE NEW BUY ERS ENTER THE STOCK AND SHORTERS BOOK LOSS LEADING TO BIG MOVES

3a AND 3b=the LINK HAS ALL THE ANSWER IF DOUBT CAN ASK HERE @ bapi

@ 15.15 RIL STARTED JUMPING UP WITH BIG VOLUME...here is one of the technical reason it went up..
to know more about pin-bars download this afl http://www61.zippyshare.com/v/62744630/file.html

do NOT MISS THE MACD DIV TRADE NEXT TIME after a gap up in yes bank today yes bank hit 538 Its usually very risky to sell any stock when it opens with a gap up because gaps is the proprety of 3rd ew wave in which after a gap up the stock moves higher and higher .... traping the shoters in its way!! what hepls us in this case is the divergence in Indacators macd and rsi .. eg:- check 28-1-2013 yes bank 15min chart there was a gap up and the price moved higher and higher till the day close inspit the 15min macd given sell around 12.30 pm(28 jan a classic exampel of 3rd ew) here there was no any divergence like in case of todays chart . Also there was a BB sell signal . And yes bank may be ready to follow the WW chart (posted above)


pls read these pdf to understand MACD
http://www.tradeology.com/pdfs/MACD.pdf
http://www.todayfx.com/MACD.pdf
xa.yimg.com/kq/groups/26574215/1292000353/name/MACD.pdf

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YES BANK TGT DONE!!

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